Can i sell my fha home in louisiana and pay them off then go thru fha again for a home in florida? Hiws this work and how fas

Hi Sherri! If you are going to move to Florida and make that new home your primary residence, the answer is yes. If you plan on keeping your Louisiana home as a rental property and moving to Florida permanently, you could also get another FHA Insured Mortgage. I would be happy to assist you with a Pre-Approval and/or discussion of the many options for loan programs available, including alternatives to FHA Insured Financing. Please feel free to contact me offline today if you are interested in speaking with me! Thank You and have a Great Day!

Sherri -- Here is the process you would want to go through. Find local real estate agent through whom to list your property. Find a local, licensed mortgage loan officer in Florida, and get pre-qualified for your buying there. Find a local real estate agent in the area you want to move to, and begin your search for a home. This would mean that you would be selling your home, rather than having someone assume it, which could create some issues on smoothly getting on with your plan to purchase in FL.If your LA agent assists you in properly pricing your home for sale, it is likely that it will sell fairly soon. In the meantime, if you find a home in FL, you can put a contingency clause in that your purchase depends on your house in LA selling. Please remember that you will have costs associated with selling the home in LA, so you will not be able to get ALL of your equity as a down payment on your new home in FL. Also, I would recommend that you look at doing a 5% down, conventional mortgage, for your purchase as the costs over the life of the loan will probably be considerably lower, in light of the high costs of Mortgage Insurance on the FHA products (and the fact that after next Friday, the MI will be on the loan as long as it exists.)I hope this has helped a bit, and that you have an enjoyable holiday weekend!

Sell your home in Louisiana, and save your closing papers. When you apply for a loan in Florida, your old FHA loan may still show up, so you need proof that you sold that home and paid off the old loan. Good luck.

Sherri...this is easy. Yes: you can sell in Louisiana and then buy in Florida. No problem. Can both be accomplished within the time frame you need? That's a more difficult subject! You need an experience mortgage expert! I do it all the time for people. I do loans in all 50 states so I can help you. Please contact me and I'll help! GregG@888GREG1ST.COM or 888-GREG-1ST (888-473-4178).

Sherri...the answer is "Yes"...you can buy in Florida after (or during) the process of selling your home in Louisiana. Timing is the key to the transaction. Call me and we can discuss! 888-GREG-1ST (888-473-4178) or GregG@888GREG1ST.COM.

Yes, there should be NO PROBLEMS providing your credit socre and income are within the guidelines.